A Derbyshire boutique jewellery retailer has secured £1.5 million in new funding. Family-owned CW Sellors has agreed the deal with the Midlands Engine Investment Fund which it will use to expand its design and manufacturing capacity and increase its sales and marketing activity.
The Ashbourne-based business was founded in 1979 and is now aiming to open a new-build facility to create new jobs in its manufacturing and design teams.
The centre in Carsington, Derbyshire, will also include a boutique jewellery store, exhibition space, tours for visitors and a café.
The new capital was awarded from the debt fund, which is part of the Midlands Engine Investment Fund and is managed by Maven Capital Partners.
Richard Altoft, investment director for Maven, said: "This is a really exciting time for CW Sellors and the expansion of their design and manufacturing centre could see a continuing number of prosperous years ahead for the business.
"Following an introduction from Midlands Asset Finance, we are delighted to be able to support the business through this key growth stage."
